The companies are targeting availability as soon as possible in 2018 and will continue to explore opportunities to help people better manage their diabetes.

Fitbit and Dexcom have teamed-up to develop and market products that help people better manage their diabetes and get a more complete picture of their overall health with easy-to-use mobile tools.

The partnership will start by bringing Dexcom CGM (Continuous Glucose Monitoring) data to the Fitbit Ionic smartwatch, enabling users to see both activity and glucose levels, right on their wrist.

"With Ionic, we are focused on driving positive health outcomes and more health focused tools, and this collaboration is a wonderful example of how we plan to bring that vision to our users," James Park, CEO of Fitbit, said in a statement.

Kevin Sayer, President and CEO of Dexcom, is also pleased with the deal. "We believe that providing Dexcom CGM data on Fitbit Ionic, and making that experience available to users of both Android and iOS devices, will have a positive impact on the way people manage their diabetes," he said.

In addition to the Dexcom CGM display for Fitbit Ionic, with Fitbit's in-app Community, Dexcom CGM users will now be able to connect with millions of people, where they can ask questions, seek support and share successes in managing their health.

The companies are targeting availability as soon as possible in 2018 and will continue to explore opportunities to work together to develop tools and resources aimed at helping people better manage their diabetes.